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INFLATION IN THE ECONOMY    

Authors : 1PETER GWANDA; 2SIYA BHATIA

Publishing Date : 2022

DOI : https://doi.org/10.52458/9789391842826.2022.eb.grf.asu.ch-20

ISBN : 978-93-91842-82-6

Pages : 95

Chapter id : ASU/GRF/EB/MILO/2022/Ch-20

Abstract : Having the stable economic growth is the main objective for several nations. It is a very big challenge to maintain this objective because of several challenges which affect the growth of the economy. It has been proven by the several economists that economic growth causes or leads to inflation in the economy. An Economists who is Keynesian stated that when the monetary goods produced in the economy are beyond, there is going to be the greater risk of inflation in the economy High private investments can also lead to inflation. This is because more individuals will have more money in the economy as the result the purchasing power will decrease which will lead to an increase of the prices. Before the covid 19 started so many countries were building their economy. With the economic growth in those countries the prices of the commodities were increasing also.

Keywords : INFLATION, ECONOMY, LITERATURE REVIEW, GDP.

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